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So Goldmoney establishes a wholly owned subsidiary (the Joint Venture) which gets Schiff Gold and, in exchange, Goldmoney provides the Joint Venture with 1,063,000 Goldmoney shares, out of which 700,000 are distributed to Peter Schiff by thirds during a three-year period.

The remaining 363,000 Goldmoney shares as well as 1.4 million warrants (exercisable at differente prices) are distributable to Peter Schiff according to performance.

In addition, 50% of the distributable income generated by this Joint Venture (for it will have no other asses than Shchiff Gold) will also go to Peter Schiff in exchange for consulting, branding, marketing, etc

@79Au197 You know what they say... "if you can't beat them, join them". All kidding aside Peter may take a bit of flack for a while for the things he said in the past but in the big picture the TGMA just got another Colonel. It will be interesting to see what all unfolds in the coming months.

SGI is a private, U.S.-based dealer in precious metals (formerly launched in 2010 as Euro Pacific Precious Metals), one of the largest and fastest growing retail gold dealers, and services a large client base with buy and sell orders for precious metals, storage and vaulting arrangement, and gold & silver IRA arrangement services. Upon closing of the transaction, the Company will also enter into a Marketing and Service agreement with Peter Schiff, where Mr. Schiff will integrate and endorse Goldmoney services for clients and subscribers across various companies and media platforms.

IRAs and a possible replacement for Dillon Gage as a physical metals fulfillment agent with retails sales too and more vaulting options (BRINKS replacement or supplement).

Do you think SchiffGold will continue to operate under the SchiffGold name? Or do you think it will be rebranded Goldmoney? Also how will they determine what revenue belongs to SchiffGold? Will it be based on the clients that are referred to Goldmoney by EuroPacific?

@Pinkdog In the PR Roy says that the details will be laid out upon the closing of the transaction, so I would imagine that those questions themselves have not been completely sorted out even amongst the Goldmoney execs.

What we DO know is that it is also stated in the PR that this is an accretive acquisition that will create shareholder value and increase cash flow.

Combined with Roy Sebags public comments on Twitter and I think have have something big, and material to the Company and to shareholders.

The PR also says there will be a conference call on Peter Schiffs podcast. I think it is there we will get most of our answers